Oct 22 2019, 04:19 PM
QUOTE(saitong09 @ Oct 22 2019, 03:23 PM)
As of now the Asx fp dividend is still higher than mortgage. Unless your mortgage is higher than ASX then you can move to mortgave anytime. But keep in mind once you move out from Asx it will be hard to buy back.
QUOTE(poor fella @ Oct 22 2019, 03:45 PM)
if the 'effective' interest of your mortgage is higher than asnb yield, then u better go pay off the mortgage lo.
for example, a normal 2.8% car loan may be equivalent to over 3.6% effective interest... if you take into account compound interest etc... accounts major, please don't kill me ah... i am sure somebody more knowledgeable can enlighten all of us on this aspect.
is it wise to park all $ into mortgage loan if mortgage interest higher than ASx, and only try to buy ASx when mortgage fully settled?for example, a normal 2.8% car loan may be equivalent to over 3.6% effective interest... if you take into account compound interest etc... accounts major, please don't kill me ah... i am sure somebody more knowledgeable can enlighten all of us on this aspect.
This post has been edited by bristlebb: Oct 22 2019, 04:19 PM
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